Taiwanese life insurers opt for rare bullets
Taiwanese life insurers diversified further away from 30 year multi-callable zero coupon deals this week, buying rare 20 year fixed rate deals — some with calls and some rare bullets — from Australian banks this week.
The investors usually prefer multi-callable structures, but rising long-end rates mean the bullet format now often hits their yield targets.
"Long end rates have moved upwards so it’s not quite as necessary to go down the structured side," said a MTN dealer on Monday. "The problem with the callable ...Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: subs@globalcapital.com
Or sign up for a trial to gain full access to the entire site for a limited period.
Corporate access
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.
 wins in UK election 13dec19 from PA 230x150.jpg)
